Online Loss Mitigation Resource Center Launched

s Kluwer Financial Services has launched an online portal that enables investors, lenders and servicers to access detailed loan information that the company says can help them build and strengthen loss mitigation programs. The newly released Loss Mitigation Resource Center, available at www.wolterskluwerfs.com/lossmit, details the government's foreclosure relief plans and includes free access to numerous articles, videos and Web links that lead to additional sources of information on government and regulator Web sites. Wolters Kluwer Financial Services has also made its suite of loss mitigation solutions available separately through the Resource Center. The suite includes settlement services; a library of compliance documents, disclosures and consumer education materials; an automated document preparation and secure electronic delivery solution; and outsourced business processing services. "Aggregating and deciphering the complex and changing requirements behind the government's foreclosure relief programs typically calls for more resources than the majority of lenders and servicers have available," says Jason Marx, vice president and general manager for Wolters Kluwer Financial Services' mortgage unit. "Our Loss Mitigation Resource Center provides them with the information and solutions they need to quickly analyze and develop a compliant loss mitigation strategy and efficiently manage rising loan modification volumes." SOURCE: Wolters Kluwer Financial S